SenseTime

2025.03.28

11:40

Jiangsu Bank launches "Computing Power Loan" with SenseTime, Shanghai AtHub, UCloud and others as the first batch of credit customers

At the "Smart Computing Shanghai" Summit Forum held today, Jiangsu Bank's "Computing Power Loan" product was officially released. It is reported that the "Computing Power Loan" is a customized financing plan provided by Jiangsu Bank for enterprises based on the characteristics of the computing power industry, such as large hardware investment, high R&D threshold, and wide application scenarios, through a special approval model, to meet the funding needs of computing power enterprises in daily production and operation, project construction, and order financing. SenseTime, Shanghai Dataport, UCloud, Yueke Data, Zengqing Digital Technology, etc. are the first batch of credit customers of "Computing Power Loan". It is reported that the total credit amount of the first batch of customers of "Computing Power Loan" is 1 billion yuan.

2025.03.26

17:28

SenseTime reveals generative AI revenue share to increase to 63.7% by 2024

Chinese artificial intelligence company SenseTime (0020.HK) disclosed on Wednesday that its share of generative AI revenue increased to 63.7% in 2024.

2025.03.23

13:49

SenseTime clarifies: As of now, the company has not received any resignation letter from any executive director

SenseTime issued a statement saying, "We have noticed rumors on March 20 (last Friday) that an executive director of the company will resign this week." The company clarified that it has not received any resignation letter from any executive director so far.

2025.03.02

14:04

The central bank and five other departments jointly held a symposium on financial support for high-quality development of private enterprises

On February 28, the People's Bank of China, the All-China Federation of Industry and Commerce, the State Administration of Financial Supervision, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly held a symposium on financial support for the high-quality development of private enterprises. Pan Gongsheng, Secretary of the Party Committee and Governor of the People's Bank of China, Shen Ying, Deputy Minister of the Central United Front Work Department and Secretary of the Party Leadership Group of the All-China Federation of Industry and Commerce, Zhou Liang, Member of the Party Committee and Deputy Director of the Financial Regulatory Administration, and Li Chao, Member of the Party Committee and Vice Chairman of the China Securities Regulatory Commission attended the meeting and delivered speeches. Zhu Hexin, member of the Party Committee and Deputy Governor of the People's Bank of China, and Secretary of the Party Leadership Group and Director of the State Administration of Foreign Exchange, presided over the meeting. An Liga, Vice Chairman of the All-China Federation of Industry and Commerce, attended the meeting. At the symposium, leaders of five private enterprises including Yuwen Group, Geely Holding, SenseTime, YTO Express, and Yili Group, as well as the All-China Mergers and Acquisitions Association introduced their business operations and put forward opinions and suggestions. The heads of four financial institutions including Industrial and Commercial Bank of China, PICC Group, CITIC Securities, and China National Fund for Guarantee and Investment as well as the Shanghai Stock Exchange exchanged experiences.

2025.02.27

14:50

SenseTime: The number of users of the Little Raccoon family has reached 15 million, and the number of tokens per day exceeds 10 billion

SenseTime announced that the number of direct individual registered users of the SenseTime Little Raccoon family has exceeded 1 million, serving more than 300 corporate users. The final number of individual users has reached 15 million and the daily token number has reached over 10 billion.

2025.02.24

15:19

SenseTime launches DeepSeek Enterprise Edition for large devices

SenseTime Technology published an article on its official WeChat account saying that in February this year, the SenseTime Large Device Wanxiang Platform officially launched models such as DeepSeek-R1 and DeepSeek-V3, and provided a 3-month quota of 10 million tokens for the free version, which received a warm response from customers. In order to better serve users, after a series of optimizations, SenseTime Large Device has now officially launched the Enterprise Edition, while completing the localization adaptation and computing capacity expansion of the free version, forming a dual-engine drive of strong professional support + inclusive and wide coverage.

2025.02.22

15:46

SenseTime launches R-UniAD, an end-to-end technology route for collaborative interaction with the world model

Wang Xiaogang, CEO of SenseTime, co-founder and chief scientist of SenseTime Technology, today released the industry's first "end-to-end autonomous driving route R-UniAD that interacts with the world model" at the 2025GDC Global Developer Pioneer Conference. By building a world model to generate an online interactive simulation environment, it can conduct reinforcement learning training for the end-to-end model. According to the plan, SenseTime will release the R-UniAD end-to-end autonomous driving solution at the Shanghai Auto Show in April this year and complete the actual vehicle deployment.

2025.02.13

18:31

Zhou Weiwei takes up his post at SenseTime’s Large Device Business Group

It is reported that Zhou Weiwei, former deputy general manager of Hongbo Co., Ltd. and former general manager of Yingbo Digital Technology, has taken up his post in the large-scale device business group of SenseTime. In response to this, the reporter sought confirmation from SenseTime, and the official spokesperson of SenseTime responded that Zhou Weiwei is currently a senior consultant of the large-scale device business group.

17:07

Zhou Weiwei has joined SenseTime's Large Device Business Group and was formerly the deputy general manager of Hongbo Co., Ltd.

Zhou Weiwei, former deputy general manager of Hongbo Co., Ltd. and former general manager of Inbo Digital Technology, has taken up his post in the large-scale device business group of SenseTime. In response to this, the reporter sought confirmation from SenseTime, and the official spokesperson of SenseTime responded to 21st Century Business Herald that Zhou Weiwei is currently a senior consultant of the large-scale device business group.

2025.02.08

19:26

SenseTime launches DeepSeek series models on large devices

On February 8, SenseTime announced that, starting today, enterprise customers and developers can quickly deploy models such as DeepSeek-V3 and DeepSeek-R1 on the SenseTime large-scale device Wanxiang platform, and enjoy the right to use 10 million tokens for free within three months.

2025.01.20

13:51

SenseTime's new AI model now available for commercial use

SenseTime announced its new AI model, SenseNova-5o, has officially begun offering real-time audio and video conversations to the public, which are free for a limited time.

2025.01.07

10:29

SenseTime: We strongly oppose the U.S. Department of Defense's inclusion of SenseTime on the "List of Chinese Military Enterprises"

SenseTime Technology issued a statement that on January 6, 2025, local time in the United States, the U.S. Department of Defense added SenseTime to the "List of Chinese Military Enterprises". We believe that this move has no factual basis and we strongly oppose it. The main impact of this list is that the entities on the list cannot become suppliers of the U.S. Department of Defense, and it has no substantial impact on SenseTime's business. SenseTime will actively communicate with all parties on this matter as soon as possible to ensure fair treatment and maximize the protection of the interests of the company and shareholders.

10:27

SenseTime: On January 6, 2025, the U.S. Department of Defense added SenseTime to the "List of Chinese Military Enterprises". We believe that this move has no factual basis and we strongly oppose it.

2024.12.23

22:03

IDC report: China's intelligent computing service market is expected to grow at a five-year compound annual growth rate of 56.2%

On December 23, the reporter learned from SenseTime that in the "China Intelligent Computing Service Market (2024 First Half) Tracking" report released by the international authoritative consulting agency IDC, SenseTime Technology ranked top 3 in the GenAI IaaS (Generative AI Infrastructure as a Service) market with a market share of 13.3%, ranking in the first echelon of the GenAI IaaS field. The report shows that in the first half of 2024, the overall market for China's intelligent computing services increased by 79.6% year-on-year, and the market size reached 14.61 billion yuan. According to IDC's forecast, the compound growth rate of China's intelligent computing service market from 2023 to 2028 will reach 56.2%, and the overall market size will reach 182.5 billion yuan in 2028. The GenAI IaaS market will grow at a compound growth rate of 79.0%, and it is expected that the market size will account for 50% of the overall market in 2028.

2024.12.11

09:21

SenseTime completed a placement of approximately HK$2.8 billion with participation from a number of international funds, long-term funds and existing shareholders

Regarding SenseTime's announcement today that it plans to place 1.865 billion shares to raise HK$2.787 billion, the reporter learned that a number of internationally renowned funds, long-term funds and existing shareholders participated. The funds raised will be used to support the company's core business development, including building an industry AI cloud, increasing the scale of SenseTime's large-scale facilities, supporting generative artificial intelligence, including large-model research and product development, as well as the company's general operating funds.

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